Mexico – among the countries with lower retirement pensions

According to a note from El Economista about the report published by the OECD – Pensions at a Glance 2011 - Mexico is among the countries with lower retirement pensions, after Ireland and before Chile. The average pension in Mexico is 37% the salary for men and 35% for women. OECD countries, in average, grant pensions equal to 55% and 53% the salary, men and women respectively. Luxembourg, on the other hand, is the country with the best retirement conditions, with pensions of almost 83% the salary of men and women. Furthermore, in Mexico people stay active for a longer period of time, 69.5 years women and 72.2 years men, and is one of the countries with the highest levels of elderly poverty, before Ireland and South Korea.